Perched on a prominent hilltop corner, this stately and substantial 7-unit brick building commands attention with its high-visibility location and classic architecture. Currently operated as a solid multifamily investment with off-street parking, the property offers both stable income and significant upside. Its generous footprint and strategic corner location make it a prime candidate for commercial redevelopment. Several units are occupied by long-term tenants paying well below market rents, presenting an immediate value-add opportunity through rent increases or unit turnover. Whether you're an investor looking to boost cash flow or a developer seeking a future transformation project, this property offers a rare combination of existing stability and long-term potential.
Sold for $924,000 on 08/07/25
$924,000
51 Prospect St, Webster, MA 01570
11beds
6,520sqft
5-9 Family
Built in 1880
-- sqft lot
$-- Zestimate®
$142/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: August 07, 2025 at 06:52pm
Listed by:
Edward Murphy,
7 Hills Real Estate
Bought with:
Danny Mason
United Multi Family Corporation
Source: MLS PIN,MLS#: 73374822
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 7
- Full bathrooms: 7
Features
- Has basement: No
- Number of fireplaces: 1
Interior area
- Total structure area: 6,520
- Total interior livable area: 6,520 sqft
- Finished area above ground: 6,520
Property
Parking
- Total spaces: 10
Lot
- Size: 1.16 Acres
- Features: Corner Lot
Details
- Parcel number: M:14 B:B P:2,1746406
- Zoning: GB-4 W
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Foundation: Other
Condition
- Year built: 1880
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Webster
HOA & financial
Other financial information
- Total actual rent: 2800